Smith & Williamson has received FSA approval to make a number of changes to its OEIC and unit trust range including dropping the Nucleus brand.
The funds were renamed as Smith and Williamson (S&W) at the beginning of the month in bid to leverage off the brand and heighten awareness of the range with advisers. They will be listed under the company Smith & Williamson Funds Administration Ltd. Other changes, including the addition of extra share classes, different charging structures and single pricing on the unit trusts, require unit holder notification and will take place in the New Year. Smith and Williamson previously announced it would be increasing charges on the funds to bring them in line with market norms and allow them...
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